Rupiah Breaks the 9.000 Level

Rupiah Strength Linked to Economy and Higher Stock Prices.

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(8/2/2010)

Growing confidence in the Indonesian economy and new investments bolstered a strengthening of the Indonesian Rupiah against U.S. dollar bringing the Rupiah on Tuesday, July 27, 2010 to below Rp. 9,000 for this first time in three years.

The Rupiah closed at Rp. 8.985 against a dollar when trading ended on Tuesday.

In a related economic development, stock prices are also rising across the region.